as you can see there is a potential trend continuation trade on audusd - Fib retracement at 0.618 - Fib inversion of 1.618 - Look left for structure - RSI oversold condition we may have tight stop loss as we dont want hold our long position if the market decides to go below to another structure level.
As you can see this pair might get up there at R1 by today at 110.20. Potential double top formation and RSI divergence occur at H4. If we get rejection at D1 trendline, possible long term short or short term short whatever your trading plan is. Our killzone or entry point would be between 110.20 - 110.35. Goodluck and feel free to comment, Thank You.
As you can see the inside trendline(grey trendline) gives us a nice bearish trendline with support mark every intersection which the rejection from sellers. Look left structure leave clue for every support and resistance. it can go further down if it breaks and we may go to next bearish resistance level which our TP1.